Common use of Possession of Collateral Clause in Contracts

Possession of Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, Investment Related Property, or Chattel Paper, and if and to the extent that perfection or priority of Secured Parties’ respective Security Interests is dependent on or enhanced by possession, the applicable Grantor, immediately upon the request of any Secured Party, shall execute such other documents and instruments as shall be requested by such Secured Party or, if applicable, endorse and deliver physical possession of such Negotiable Collateral, Investment Related Property, or Chattel Paper to such Secured Party, together with such undated powers endorsed in blank as shall be requested by such Secured Party.

Appears in 12 contracts

Samples: Security Agreement (Morria Biopharmaceuticals PLC), Security Agreement (Nacel Energy Corp), Security Agreement (Atrinsic, Inc.)

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Possession of Collateral. In the event that any Collateral, including proceedsProceeds, is evidenced by or consists of Negotiable Collateral, Investment Related Property, or Chattel Paper, and if and to the extent that perfection or priority of Secured Parties’ respective Party’s Security Interests Interest is dependent on or enhanced by possession, the applicable Grantor, immediately promptly (and in any event within one (1) Business Day) upon the request of any Secured Party, shall execute such other documents and instruments as shall be reasonably requested by such Secured Party or, if applicable, endorse and deliver physical possession of such Negotiable Collateral, Investment Related Property, or Chattel Paper to such Secured PartyParty or its representative, together with such undated powers endorsed in blank as shall be reasonably requested by such Secured Party.;

Appears in 5 contracts

Samples: Patent Security Agreement (Pedevco Corp), Security Agreement (Blast Energy Services, Inc.), Security Agreement (Implant Sciences Corp)

Possession of Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, Investment Related Property, or Chattel Paper, and if and to the extent that perfection or priority of Secured Parties’ respective Security Interests is dependent on or enhanced by possession, the applicable GrantorBorrower, immediately upon the request of any Secured Party, shall execute such other documents and instruments as shall be requested by such Secured Party or, if applicable, endorse and deliver physical possession of such Negotiable Collateral, Investment Related Property, or Chattel Paper to such Secured Party, together with such undated powers endorsed in blank as shall be requested by such Secured Party.

Appears in 3 contracts

Samples: Security Agreement (Perfect Moment Ltd.), Security Agreement (Perfect Moment Ltd.), Security Agreement (Perfect Moment Ltd.)

Possession of Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, Investment Related Property, or Chattel Paper, and if and to the extent that perfection or priority of Secured Parties’ respective Security Interests is dependent on or enhanced by possession, the applicable Grantor, immediately upon the request of any Secured Party, shall execute such other documents and instruments as shall be reasonably requested by such Secured Party or, if applicable, endorse and deliver physical possession of such Negotiable Collateral, Investment Related Property, or Chattel Paper to such Secured Party, together with such undated powers endorsed in blank as shall be requested by such Secured Party.

Appears in 2 contracts

Samples: Security Agreement (Magnum dOr Resources Inc), Security Agreement (Paradigm Holdings, Inc)

Possession of Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, Investment Related Property, or Chattel Paper, and if and to the extent that perfection or priority of Secured Parties’ respective Security Interests is dependent on or enhanced by possession, the applicable Grantor, immediately upon the request of any Secured Party, shall execute such other documents and instruments as shall be reasonably requested by such Secured Party or, if applicable, endorse and deliver physical possession of such Negotiable Collateral, Investment Related Property, or Chattel Paper to such Secured Party, together with such undated powers endorsed in blank as shall be reasonably requested by such Secured Party.

Appears in 1 contract

Samples: Security Agreement (Workstream Inc)

Possession of Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, Investment Related Property, or Chattel Paper, and if and to the extent that perfection or priority of the Secured Parties’ respective Party’s Security Interests is dependent on or enhanced by possession, the applicable Grantor, immediately upon the request of any the Secured Party, shall execute such other documents and instruments as shall be requested by such the Secured Party or, if applicable, endorse and deliver physical possession of such Negotiable Collateral, Investment Related Property, or Chattel Paper to such the Secured Party, together with such undated powers endorsed in blank as shall be requested by such the Secured Party.

Appears in 1 contract

Samples: Security Agreement (Valley Forge Composite Technologies, Inc.)

Possession of Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, Investment Related Property, or Chattel Paper, and if and to the extent that perfection or priority of the Secured Parties’ respective Party’s Security Interests Interest is dependent on or enhanced by possession, the applicable Grantor, immediately upon the request of any the Secured Party, shall execute such other documents and instruments as shall be reasonably requested by such the Secured Party or, if applicable, endorse and deliver physical possession of such Negotiable Collateral, Investment Related Property, or Chattel Paper to such the Secured Party, together with such undated powers endorsed in blank as shall be reasonably requested by such the Secured Party.

Appears in 1 contract

Samples: Security Agreement (Workstream Inc)

Possession of Collateral. In Subject only to the Agent’s senior interests, in the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, Investment Related Property, or Chattel Paper, and if and to the extent that perfection or priority of Secured Parties’ respective Party’s Security Interests Interest is dependent on or enhanced by possession, the applicable Grantor, immediately upon the request of any Secured Party, shall execute such other documents and instruments as shall be requested by such Secured Party or, if applicable, endorse and deliver physical possession of such Negotiable Collateral, Investment Related Property, or Chattel Paper to such Secured Party, together with such undated powers endorsed in blank as shall be requested by such Secured Party.;

Appears in 1 contract

Samples: Security Agreement (Bell Industries Inc /New/)

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Possession of Collateral. In the event that any Collateral, including proceedsProceeds, is evidenced by or consists of Negotiable Collateral, Investment Related Property, or Chattel Paper, with a value, individually or in the aggregate, in excess of Ten Thousand Dollars ($10,000), and if and to the extent that perfection or priority of the Secured Parties’ respective Party’s Security Interests Interest is dependent on or enhanced by possession, the applicable Grantor, immediately promptly (and in any event within one (1) Business Day) upon the request of any the Secured Party, shall execute such other documents and instruments as shall be reasonably requested by such the Secured Party or, if applicable, endorse and deliver physical possession of such Negotiable Collateral, Investment Related Property, Collateral to the Secured Party or Chattel Paper to such Secured Partyits representative, together with with, if applicable, such undated powers endorsed in blank as shall be reasonably requested by such the Secured Party.;

Appears in 1 contract

Samples: Security Agreement (Skinny Nutritional Corp.)

Possession of Collateral. In the event that any Collateral, including proceedsProceeds, is evidenced by or consists of Negotiable Collateral, Investment Related Property, or Chattel Paper, with a value, individually or in the aggregate, in excess of One Hundred Thousand Dollars ($100,000), and if and to the extent that perfection or priority of Secured Parties’ respective Party’s Security Interests Interest is dependent on or enhanced by possession, the applicable Grantor, immediately promptly (and in any event within one (1) Business Day) upon the request of any Secured Party, shall execute such other documents and instruments as shall be reasonably requested by such Secured Party or, if applicable, endorse and deliver physical possession of such Negotiable Collateral, Investment Related Property, Collateral to Secured Party or Chattel Paper to such Secured Partyits representative, together with with, if applicable, such undated powers endorsed in blank as shall be reasonably requested by such Secured Party.;

Appears in 1 contract

Samples: Patent Security Agreement (Evergreen Energy Inc)

Possession of Collateral. In the event that any Collateral, including proceedsProceeds, is evidenced by or consists of Negotiable Collateral, Investment Related Property, or Chattel Paper, and if and to the extent that perfection or priority of Secured Parties’ respective Party's Security Interests Interest is dependent on or enhanced by possession, the applicable Grantor, immediately promptly upon the request of any Secured Party, shall execute such other documents and instruments instruments, in each case in customary form, as shall be reasonably requested by such Secured Party or, if applicable, endorse and deliver physical possession of such Negotiable Collateral, Investment Related Property, or Chattel Paper to such Secured Party, together with such undated powers endorsed in blank as shall be reasonably requested by such Secured Party.;

Appears in 1 contract

Samples: Security Agreement (S&W Seed Co)

Possession of Collateral. In the event that any Collateral, including proceedsProceeds, is evidenced by or consists of Negotiable Collateral, Investment Related Property, Collateral or Chattel Paper, and if and to the extent that perfection or priority of the Secured Parties’ respective Party’s Security Interests Interest is dependent on or enhanced by possession, the applicable GrantorCompany, immediately promptly (and in any event within five (5) Business Day) upon the request of any the Secured Party, shall execute such other documents and instruments as shall be reasonably requested by such the Secured Party or, if applicable, endorse and deliver physical possession of such Negotiable Collateral, Investment Related Property, Collateral or Chattel Paper to such the Secured PartyParty or its representative, together with such undated powers endorsed in blank as shall be reasonably requested by such the Secured Party.

Appears in 1 contract

Samples: Security Agreement (American Standard Energy Corp.)

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